Answer:
$748,820
Explanation:
The computation of the incremental cash flow is shown below:
As we know that
Incremental cash flow = Sale price - (sale price - book value) × tax rate
where,
Sale price is $791,000
The book value is
= Purchase value - accumulated depreciation
= $1,190,000 - $1,190,000 ÷ 7 years × 3 years
= $1,190,000 - $510,000
= $680,000
So, the incremental cash flow is
= $791,000 - ($791,000 - $680,000) × 38%
= $791,000 - $42,180
= $748,820
We simply applied the above formula
Answer:
the net income reported by Waterway Industries for the year was $299,000
Explanation:
The computation of the net income reported is as follows:
As we know that
Net income = Revenue - expenses
= $626,000 - $327,000
= $299,000
hence, the net income reported by Waterway Industries for the year was $299,000
The same should be considered
The American Opportunity Credit is a credit that is given to any eligible student wherein their expenses for the first four years in education are being paid. Based on the given statements above, the one that is NOT considered true about this kind of credit is the last option.
Answer: have utility..
Explanation: in order for anything to have worth you must br able to use it and it must work properly
<span>Exporting. Exporting means sending goods or services produced in one country to another country. This is usually carried out with the intention of boosting revenue. Alice, in this instance, is referred to as an exporter; Exporting has a direct influence on a country's economy including but not limited to improving untapped markets, lower unit cost, minimising the effects of seasonal fluctuations in sales and many more.</span>
